Hungary could build 25,000 new homes yearly

Construction industry association ÉVOSZ said government programmes and lower interest rates were necessary to boost the volume of home construction and renovation in a statement issued on Friday. Hungary could build 25,000 new homes yearly.

ÉVOSZ proposed the government announce a streamlined home renovation scheme and re-launch the Green Home Construction Programme to give the market a boost. It added that potential home buyers would hesitate to borrow unless interest rates fell under 5pc.

ÉVOSZ said no more than 16,000 homes would be completed this year, well under the sector’s capacity to build an annual 25,000 homes.

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Source: depositphotos.com

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